France and Germany Lead EU Push to Sanction Russian Oil Majors

France and Germany are leading a push within the European Union to impose sanctions on Russian oil companies as part of the bloc's next round of punitive measures against Moscow. According to the proposals seen by Bloomberg, the two countries are advocating for the inclusion of major Russian oil producers in the EU's sanctions regime. The move is aimed at further tightening the economic noose around Russia in response to its invasion of Ukraine. The sanctions would potentially target companies such as Rosneft and Gazprom, which are crucial to Russia's oil and gas exports. The proposals are still under discussion, and it remains to be seen if all 27 EU member states will agree on the final scope of the sanctions. The decision to target Russian oil firms comes as the EU grapples with the impact of the conflict on its own energy supply and the need to find alternative sources to reduce its reliance on Russian fossil fuels.